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Tanzania Tax Information

18% VAT

VAT is 18%. TIN required. TRA registration mandatory above TZS 100 million turnover.

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Tanzania

TIN number
VAT registration
Client TIN
EFD receipt
VAT (18%)
Total in TZS

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

CashNet 14Net 30COD

Payment Methods in Tanzania

Bank TransferM-PesaTigo PesaCRDB BankNMB Bank

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor invoices in Tanzania?

Tanzania has 18% VAT. VAT is 18%. TIN required. TRA registration mandatory above TZS 100 million turnover.

What payment methods are common for financial advisors in Tanzania?

Common payment methods in Tanzania include: Bank Transfer, M-Pesa, Tigo Pesa, CRDB Bank, NMB Bank. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Tanzania?

Your invoice should include: TIN number, VAT registration, Client TIN, EFD receipt. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

What is Tanzania's VAT rate?

Tanzania applies 18% VAT standard rate. Basic goods and exports zero-rated. Financial services exempt.